The startup offers a payments modernization platform that enables international fund transfers using digital currency, minimizing exposure to regulatory and monetary policy risks. By allowing banks to execute inter-bank transfers, settlements, and remittances more efficiently, the platform enhances the speed and reliability of cross-border transactions.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment systems are often slow, expensive, and expose financial institutions to regulatory and monetary policy risks due to reliance on correspondent banking networks and legacy infrastructure. Existing systems lack the ability to transfer value instantly and operate 24/7, hindering international trade and remittances.
Solution
M10 provides a digital currency platform that enables banks and regulated financial institutions to tokenize regulated liabilities (TRLs) and facilitate instant, low-cost, and secure cross-border payments. The cloud-based platform includes shared ledgers and services such as directory, FX, and compliance tools. M10's hierarchical ledger allows for the segregation of tokenized liabilities and supports various Central Bank Digital Currency (CBDC) models. The platform is designed to comply with existing rules and regulations, offering a modern infrastructure while maintaining the current monetary system.
Target Audience
The primary target audience includes central banks, commercial banks, and other regulated financial institutions seeking to modernize their payment infrastructure and offer instant, low-cost cross-border payment solutions.
Features
- Tokenization of regulated liabilities, including central bank money, commercial bank money, and e-money
- Instant transfer and settlement of TRLs 24/7
- Programmable payments API for creating advanced payments with automated execution based on predefined conditions
- Hierarchical ledger enabling segregation of tokenized liabilities and support for interdependent liabilities in CBDC models
- Proprietary, permissioned blockchain with high throughput (over one million transactions per second) and sub-second latency
- Offline payment capabilities for payments between offline devices, reconciled upon synchronization
- Local SaaS model allowing for data residency within jurisdictional borders, operated by trusted local operators
- Bank integration via API consumption or M10 consuming bank APIs